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Bumper debut: Neetu Yoshi shares list at 40% premium, beat IPO GMP forecast
Neetu Yoshi IPO listing outperformed the grey market estimates. Ahead of the listing, the unlisted shares of Neetu Yoshi were trading at around ₹93.5 apiece, reflecting a grey market premium (GMP) of ₹18 or 24.67 per cent over the issue price, according to sources tracking unofficial market activity.
Neetu Yoshi IPO details
The SME offering, which closed for subscription on Tuesday, July 1, 2025, comprised an entirely fresh issue of 10.27 million equity shares, with no Offer for Sale (OFS) component, aggregating to ₹77.04 crore.
It was offered at a price band of ₹71–₹75 per share, with a lot size of 1,600 shares. The Neetu Yoshi IPO received an overwhelming response from investors, getting oversubscribed by nearly 119.19 times. The basis of allotment was finalized on Wednesday, July 2.
Neetu Yoshi proposes to utilise the proceeds from the public offering for the setting up of a new manufacturing facility as well as for general corporate purposes.
Skyline Financial Services served as the registrar for the Neetu Yoshi IPO, while Horizon Management acted as the sole book-running lead manager for the offering.
About Neetu Yoshi
Neetu Yoshi is a foundry with an integrated CNC machine shop, engaged in the manufacturing of customized products in various grades of ferrous metallurgical materials. The company's product portfolio includes different grades of mild steel, spheroidal graphite iron, cast iron, and manganese steel, with products ranging in weight from 0.2 kg to 500 kg. The company has a diverse product portfolio of over 25 products, supported by its ability to create customised solutions for clients.
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